Global Automotive Parts Die Casting Market - Segments: —
MRFR has segmented its analysis into five key dynamics for the convenience of understanding;
By Production Process Types : Pressure, Vacuum, Squeeze, and Semi-Solid Die Casting among others.
By Raw Material Types: Aluminum, Zinc, and Magnesium among others
By Application Types: Body Assemblies, Engine Parts, and Transmission Parts among others.
By Vehicle Types: Passenger Vehicles, Light Commercial Vehicles (LCV), and Heavy Commercial Vehicles (HCV) among others.
By Regions: Europe, North America, APAC and Rest-of-the-World.
Fervent players leading the global automotive parts die casting market include Dynacast, LLC (U.S.), Alcast Company (U.S.), Endurance Technologies Limited (India), Rockman Industries (India), Gibbs Die Casting Corp (U.S.), Ryobi Die Casting Inc. (U.S.), Magic Precision, Inc. (China), Kinetic Die Casting Company, Inc. (U.S.), Meridian Lightweight Technologies Inc. (England), and Mino Industry USA, Inc. (U.S.).
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Automotive Parts Die Casting Market Regional Analysis
The Asia Pacific region, heading with its burgeoning automotive manufacturing sector, is expected to remain the largest market for automotive parts die casting. The vehicle production rate is growing rapidly in the APAC region due to the presence of a number of manufacturers.
India and China among other APAC countries are expected to emerge as major automotive hubs in the next few years. Increasing awareness about technological developments is the primary factor driving the demand for automotive parts die casting market in the APAC region. Furthermore, the growth in the automotive parts die casting market is driven by factors such as the increasing population and urbanization led by the improving economic conditions that are increasing the purchasing power of consumers.
The automotive parts die casting market in the European region accounts for the second largest market in terms of size owing to the large and well-established automotive sector in the region. Europe has been the global automotive hub for research and innovation. Certainly, the resurging economy in the region is playing a vital role in the growth of the automotive parts die casting market in the region.
The North American region is rapidly emerging as a promising market for automotive parts die casting. Factors such as increasing vehicle production and the growing demand for safety and comfort features in vehicles drive the regional market. Well-established automotive industry in this region creates opportunities for the automotive parts die casting market to grow significantly during the forecast period.
Global Automotive Parts Die Casting Market – Competitive Analysis
The highly competitive market of the automotive parts die casting is totally dependent on the automobiles' sales and is fostered by the increase in automotive production. The market is fragmented owing to the presence of several large and small key players accounting for a substantial market share.
Well-established players incorporate acquisition, collaboration, partnership, expansion, product & technology launch to gain the competitive edge and thus, maintain their positions in the market. Competitive by nature, this market is envisaged to intensify with more entrants get attracted to the mass market.
Market players emphasis on product development initiatives and expansion in the emerging regions. The market is estimated to witness constant development and innovations of new products, which will resultantly turn into intensifying the competition among the players.
These players invest heavily in the R&D to develop a technology, entirely on a different level compared to their competition. They strive to develop products with adept technologies, unique design, and features.
Industry/ Innovation/ Related News:
October 16, 2018 – A group of researchers from the US submitted their study of compassion they carried out for parts made with 3D printing to parts made with die casting, using the same material. In many studies, additive manufacturing has been compared with traditional manufacturing techniques.
In the study ‘The Use of Selective Laser Melting to Increase the Performance of AlSi9Cu3Fe Alloy,’ the team researchers concluded that aluminum and its alloys possess the excellent strength to weight ratio. The AlSi9CuFe is also frequently used in the automotive industry because of its mechanical strength. It is easy to machine and is usually processed by high-pressure die casting, but the method has its imperfections.
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